Short Interest in Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Rises By 39.5%

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 52,502 shares, a growth of 39.5% from the December 31st total of 37,642 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 95,465 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 95,465 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are short sold.

Invesco CEF Income Composite ETF Stock Performance

PCEF remained flat at $20.11 during trading hours on Monday. The company had a trading volume of 187,387 shares, compared to its average volume of 143,971. The business has a fifty day moving average of $19.94 and a 200-day moving average of $19.89. The stock has a market cap of $829.94 million, a PE ratio of 23.11 and a beta of 0.78. Invesco CEF Income Composite ETF has a 12-month low of $16.35 and a 12-month high of $20.25.

Invesco CEF Income Composite ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were given a $0.1301 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in shares of Invesco CEF Income Composite ETF by 1.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,898,455 shares of the company’s stock worth $57,882,000 after buying an additional 46,485 shares during the period. Raymond James Financial Inc. boosted its holdings in Invesco CEF Income Composite ETF by 1.7% during the 3rd quarter. Raymond James Financial Inc. now owns 1,172,462 shares of the company’s stock valued at $23,414,000 after acquiring an additional 19,490 shares during the period. Bank of America Corp DE grew its position in Invesco CEF Income Composite ETF by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 941,215 shares of the company’s stock valued at $18,391,000 after acquiring an additional 7,534 shares in the last quarter. Larson Financial Group LLC increased its stake in Invesco CEF Income Composite ETF by 55.9% during the third quarter. Larson Financial Group LLC now owns 892,450 shares of the company’s stock worth $17,822,000 after purchasing an additional 320,067 shares during the period. Finally, Intrua Financial LLC boosted its stake in shares of Invesco CEF Income Composite ETF by 12.2% in the third quarter. Intrua Financial LLC now owns 528,169 shares of the company’s stock valued at $10,548,000 after purchasing an additional 57,317 shares during the period.

Invesco CEF Income Composite ETF Company Profile

PowerShares CEF Income Composite Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the S-Network Composite Closed-End Fund Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index. The Index tracks the overall performance of a global universe of United States listed closed-end funds that are organized under the laws of the United States selected by S-Network Global Indexes LLC (the Index Provider).